Facebook accounts loophole under fire

By Georgia Wilkins
Updated October 23 2014 - 2:13pm, first published 1:01pm
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image
Under fire: Facebook and other tech firms have been granted exemptions from filing accounts. Photo: File Image

The corporate regulator is being urged to investigate why Facebook and other large multinationals are able to claim an exemption from filing financial accounts in Australia.